Sony India’s net profit jumps 31% as buyers lap up premium products

Sony has turned around the fortunes of its India consumer electronics business, posting a healthy growth in sales and profit for the second consecutive year in 2022-23.

As per the company’s latest regulatory filings to the Registrar of Companies (RoC), Sony India revenue expanded 23% to ‘6,353 crore in the year under review, reaching pre-pandemic FY19 levels, while net profit went up by 31% to ‘136 crore.